Ebix Updates its Acquisition Strategy

ATLANTA, GA – June 4, 2014 – Ebix,
Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand
software and E-commerce services to the insurance, finance and healthcare industries, today announced that it is continuing to look at acquisitions of all sizes as it builds its portfolio of industry leading software solutions

Ebix’s amended Credit Agreement allows the Company to make two named acquisitions in international markets that total up to $58.5 million (including Healthcare Magic acquired by Ebix on May 27th) through the term of the Agreement, which is in effect until April 2016.

The Company believes that while its cash reserves and operating cash flow is sufficient to fund these acquisitions, it is looking to secure a new credit facility with additional flexibility and improved pricing, to fund any other acquisitions beyond this basket that the Company might identify.

The Company reiterated that Ebix’s capital allocation strategy is focused on reinvesting in its core business including acquisitions and paying down debt. The Company is considering acquisitions in all of its current verticals, namely Life, Health, Annuities and Property & Casualty.

About Ebix, Inc.
A leading international supplier of On-Demand software and E-commerce services to the insurance industry, Ebix, Inc., (NASDAQ: EBIX) provides end-to-end solutions ranging from infrastructure exchanges, carrier systems, agency systems and risk compliance solutions to custom software development for all entities involved in the insurance industry.

With 35+ offices across Australia, Brazil, Canada, India, New Zealand, Singapore, the US and the UK, Ebix powers multiple exchanges across the world in the field of life, annuity, health and property & casualty insurance while conducting in excess of $100 billion in insurance premiums on its platforms. Through its various SaaS-based software platforms, Ebix employs hundreds of insurance and technology professionals to provide products, support and consultancy to thousands of customers on six continents.
For more information, visit the Company’s website at www.ebix.com

SAFE HARBOR REGARDING FORWARD-LOOKING STATEMENTS
As used herein, the terms "Ebix," "the Company," "we,"
"our" and "us" refer to Ebix, Inc., a Delaware corporation,
and its consolidated subsidiaries as a combined entity, except where it is clear
that the terms mean only Ebix, Inc.

The information contained in this Press Release contains
forward-looking statements and information within the "safe harbor"
provisions of the Private Securities Litigation Reform Act of 1995, Section
27A of the Securities Act of 1933, and Section 21E of the Securities Exchange
Act of 1934. This information includes assumptions made by, and information
currently available to management, including statements regarding future economic
performance and financial condition, liquidity and capital resources, acceptance
of the Company's products by the market, and management's plans and objectives.
In addition, certain statements included in this and our future filings with
the Securities and Exchange Commission ("SEC"), in press releases,
and in oral and written statements made by us or with our approval, which are
not statements of historical fact, are forward-looking statements. Words such
as "may," "could," "should," "would,"
"believe," "expect," "anticipate," "estimate,"
"intend," "seeks," "plan," "project,"
"continue," "predict," "will," and other words
or expressions of similar meaning are intended by the Company to identify forward-looking
statements, although not all forward-looking statements contain these identifying
words. These forward-looking statements are found at various places throughout
this press release and in the documents incorporated herein by reference. These
statements are based on our current expectations about future events or results
and information that is currently available to us, involve assumptions, risks,
and uncertainties, and speak only as of the date on which such statements are
made.

Our actual results may differ materially from those expressed
or implied in these forward-looking statements. Factors that may cause such
a difference include, but are not limited to, those discussed in our Annual
Report on Form 10-K and subsequent reports filed with the SEC, as well as: the
risk of an unfavorable outcome of the pending governmental investigations or
shareholder class action lawsuits, reputational harm caused by such investigations
and lawsuits, the willingness of independent insurance agencies to outsource
their computer and other processing needs to third parties; pricing and other
competitive pressures and the Company's ability to gain or maintain share of
sales as a result of actions by competitors and others; changes in estimates
in critical accounting judgments; changes in or failure to comply with laws
and regulations, including accounting standards, taxation requirements (including
tax rate changes, new tax laws and revised tax interpretations) in domestic
or foreign jurisdictions; exchange rate fluctuations and other risks associated
with investments and operations in foreign countries (particularly in Australia
and India wherein we have significant operations); equity markets, including
market disruptions and significant interest rate fluctuations, which may impede
our access to, or increase the cost of, external financing; and international
conflict, including terrorist acts.

Except as expressly required by the federal securities
laws, the Company undertakes no obligation to update any such factors, or to
announce publicly the results of, or changes to, any of the forward-looking
statements contained herein to reflect future events, developments, changed
circumstances, or for any other reason.

Readers should carefully review the disclosures and the
risk factors described in the documents we file from time to time with the SEC,
including future reports on Forms 10-Q and 8-K, and any amendments thereto.
You may obtain our SEC filings at our website, www.ebix.com under the "Investor
Information" section, or over the Internet at the SEC's web site, www.sec.gov.